Future Trend Analysis Report
Prepared for you on Wednesday, October 27, 2021.
PLATINUM Oct 2021 (NYMEX:PL.V21)
Sidelines Mode (-55) - PL.V21 is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PL.V21?
MarketClub looks at technical strength and momentum to determine if the timing is right for PL.V21.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PL.V21
The long-term trend has been DOWN since Jun 17th, 2021 at 1119.8
The intermediate-term trend has been UP since Oct 8th, 2021 at 998.9
The short-term trend has been DOWN since Oct 27th, 2021 at 1038.8
Smart Scan Analysis for PL.V21
Based on our trend formula, PL.V21 is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).